JetBlue price target raised to $13.50 from $10 at JPMorgan JPMorgan raised its price target for JetBlue (JBLU) shares to $13.50 saying a CEO transition in early 2015 seems highly probable, which it feels could lead to a more returns-oriented business model. The firm reiterates an Overweight rating on the stock. JPMorgan also downgraded shares of Alaska Air (ALK) this morning to Neutral and upgraded shares of United Continental (UAL) to Overweight.
Alaska Air downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Alaska Air to Neutral citing Delta competitive capacity and more compelling risk/rewards in the space. The firm lowered its price target for shares to $53.50 from $56.50.